Skip to content

Bitcoin & Blockchain

Extreme stress tests of Bitcoin scalability

In this article, like other articles on the site, ‘Bitcoin/bitcoin’ refers to Bitcoin Satoshi Vision (BSV) not BTC, unless the context indicates a broader reference to include all forks and versions of the historical Bitcoin/bitcoin. Also, we advocate and follow the convention to use the uppercase ‘Bitcoin’ to refer to the Bitcoin blockchain system, and...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

Already a member? Log in here

The Genesis block & a ‘set-in-stone’ protocol

A great post and an instructive dialogue on LinkedIn. A thoughtful question by Michael Fletcher led to Dr. Craig S Wright answering with genuine Satoshi authority.

Genesis does not just mean the beginning. The purpose of calling this the Genesis block relates to the fact that there was nothing but chaos in the beginning. The creation of the Genesis block takes data without form and void as darkness upon the face of the deep. With this, light enters, and the system forms. That is why it is a Genesis block.

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

Already a member? Log in here

Price matters

With the daily total volume on the Bitcoin SV network reaching over 50% of the total number of transactions of all other blockchains – there are thousands of them – combined, but BSV price showing no response, suppressed below 0.1% of the total crypto market cap, it is natural to ask the question below: Can the utility level of Bitcoin (BSV) go through the roof, but the bitcoin (BSV) price never go up? A simple answer is… Read More »Price matters

Decentralization, a widely misunderstood concept

The concept of decentralization has taken a central place in the context of Bitcoin, blockchain, crypto and Web3. But it has caused some of the most consequential misconceptions about Bitcoin and blockchain, leading to a common belief that Bitcoin or any other blockchain must restrict its scalability in order to be “decentralized.”  The misconceptions have provided the...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

Already a member? Log in here

What is happening beyond the crypto noise

According to bitinfocharts.com, the total volume on the Bitcoin SV network over the past 24 hours surpassed 10 million transactions, which equates to nearly 4 times the total number of transactions of all other blockchains – there are thousands of them – combined. Denying that this is real adoption is bias.  Denying that this shows...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

Already a member? Log in here

How not to do DAOs

“Most ‘DAOs’ are a diversion tactic to avoid responsibility,” – Niels V. van den Bergh, CEO, mintBlue.  The rest are just a result of being ignorant of the existence of such responsibilities.   It’s a fantasy, an imagined fake world where responsibilities do not exist.   This doesn’t mean smart contracts are useless, however. There’s a right way to do it.   What is much needed is systems that “refactor” (borrowing the phraseology of James Belding, the founder and… Read More »How not to do DAOs

Bitcoin and property rights

"Opposing Views: Money, Bitcoin & Role of the State" on Real Vision is an interesting conversation between Mike Green and Robert Breedlove, moderated by Real Vision senior editor Ash Bennington. Mike is the Chief Strategist and portfolio manager at Simplify Asset Management. He is a well-known Bitcoin bear. On the other hand, Robert, founder of the “What Is Money?” podcast, is one of its most vehement proponents. Their disagreements originate from deeper convictions surrounding the proper methods of organizing society and the economy.

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

Already a member? Log in here

The politically modest but technologically ambitious Bitcoin

Today's headline: Coinbase Cuts Off 25K Russian Wallets!

It's unclear what the reporter's concern is. I don't mean that there should be no concern. It is just unclear what the reporter's concern really is. This is typical of the crypto reports, because the writers only look at superficial things and do not understand what is really at work.

From a political point of view, it is foolish to demand exchanges to cut off Russians just because they are Russians. And it is even questionable to cut off some Russians selectively, because how can an exchange decide?

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

Already a member? Log in here

The moral sentiments of Bitcoin

Question: Crypto projects seem to all create a new currency out of thin air and inject it into the economy to dilute money, so how do you justify doing it, whether it is BTC or BSV? It is a familiar and intuitive argument, but it arises from a misunderstanding caused by people’s familiarity with fiat money and...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

Already a member? Log in here

Bitcoin mining and monopoly

Does professionalization and specialization of bitcoin mining result in monopoly? A short answer is “no.” Professionalization and specialization of bitcoin mining under competitive Proof-of-Work is less likely to result in a monopoly than most other competitive businesses. Proof-of-Stake, on the other hand, has a natural gravitation toward forming a monopoly or a cartel due to...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
Order on Amazon

Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

Already a member? Log in here